2008 Anadarko Investor Conference

Transcription

1 2008 Anadarko Investor Conference

2 Anadarko Petroleum Corporation Forward-Looking Statement This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of Anadarko believes that its expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this presentation. Anadarko cannot guarantee that it will successfully execute on its exploration, drilling and development t plans, meet its increased production or reserves guidance, or successfully create and market an initial public offering of a midstream Master Limited Partnership. See Risk Factors in the company s s 2007 Annual Report on Form 10-K K and other public filings and press releases. Anadarko undertakes es no obligation to publicly update or revise any forward-looking statements. Cautionary Note to U.S. Investors The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this presentation, such as lower-risk risk resources, exploration resource additions, total resources and similar terms that the SEC s s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K K for the year ended December 31, 2007, File No , 08968, available from us at or by writing us at: Anadarko Petroleum Corporation, 1201 Lake Robbins Drive, The Woodlands, Texas Attn: Investor Relations. You can also obtain this form from the SEC by calling SEC

3 Designed to Deliver Jim Hackett Chairman, President and CEO

4 Anadarko s Strategy Identify and Commercialize Resources Explore High-Potential Proven Basins Employ A Global Business-Development Approach Exercise Financial Discipline and Flexibility 4

5 Anadarko s Strategy is Working Identify and Commercialize Resources Integrated Upstream / Midstream Model in Rockies Ramped Up Production at Independence Hub Explore High-Potential Proven Basins Discovered World-Class Offshore Fields: Ghana and Tonga West Spud First Deepwater Subsalt Well in Brazil Employ a Global Business-Development Approach Leveraging Deepwater Rig Position into Drillable Opportunities Exporting Critical Skills to New Global Opportunities Exercise Financial Discipline and Flexibility Regained Financial Flexibility Improving Cost Structure 5

6 Committed to Deliver Continue Production Momentum 15% Production per Debt-Adjusted Share CAGR Over 5 Years Accelerate Reserve Adds 2008 Forecast of 250+ MMBOE: 10% Above Prior Guidance High-Quality Development Projects Leader in Multiple Resource Plays: 25,000+ Drill Sites High-Impact Exploration Success Annual Delivery of 200+ MMBOE in Discovered Net Resources 6

7 Today s Headlines Increasing Production Guidance by 2 MMBOE Increasing Reserve-Add Guidance to More Than 250 MMBOE Increasing CAPEX Budget to ~$5 Billion Added 700+ MMBOE of Lower-Risk Resources from New Discoveries and Infill Down-Spacing Expect Sanctioning of Ghana and Caesar/Tonga Complex in